This summer, Servco Pacific Inc. (Servco) hosted its first Automotive Technician Program for high school students. The goal of the program was to introduce students to the automotive industry and provide unique hands-on experience on what a career as an automotive technician could look like. Over the course of six weeks, 10 Automotive Technician Interns […]
Vantage Point: When is the Right Time to Tell Your Employees You Have Decided to Sell the Business?
Guest Article by: Nancy Rolland, FOCUS Investment Banking One of the most frequent conversations we have with our clients is helping them select the right time to tell their employees that they have decided to sell the company. For many owners, this is a particularly difficult subject during an emotional time. Business owners feel loyalty […]
Annual New Car Ownership Costs Over $12K
Ownership costs are up significantly compared to last year driven by record new vehicle prices and a 90% increase in finance rates. AAA reports that the cost of vehicle ownership is up over $1000 a month for the first time. AAA’s Your Driving Costs (YDC) are up sharply this year has been a reliable data […]
Car ADAS Solutions Adds New Calibration Center in Indiana
Car ADAS Solutions announced the addition of a new licensee, Midwest ADAS in Merrillville, Ind. The facility, serving body shops in Indiana and Illinois, is co-owned by Andy Tylka and his brother, Geoff Beckett. “We are very excited to be working with another industry leader, sharing our vision of how to tackle the ADAS calibration […]
PPG Introduces LINQ Color Software and MAGICBOX Body Shop Assistant
PPG (NYSE:PPG) today announced the introduction of PPG LINQ Color software and the PPG MAGICBOX body shop assistant for smarter wireless mixing in collision repair shops. The advanced tools are the latest components of the PPG LINQ end-to-end digital solution for the global refinish industry that provide productivity and sustainability improvement for body shops. With […]
Adam Winslow Named Chief Executive Officer at UK’s Direct Line
UK’s 2nd largest auto insurer also owns 22 collision repair centers. UK-based insurance company Direct Line Group announced that Adam Winslow is to be appointed as Chief Executive Officer of the Company, subject to regulatory approval. It is expected that he will take up the role as Direct Line Group Chief Executive Officer in the […]
ASE Launches Team ASE Podcast
The National Institute for Automotive Service Excellence (ASE) has launched the Team ASE Podcast to increase awareness of the role ASE plays in the transportation service industry. Hosted by industry veteran Tony Molla, the podcasts will focus on what’s new, what’s now and what’s next in the industry and provide timely updates on the happenings […]
Farmers Insurance to Lay Off 11% of Workforce
Insurer says new strategy and organizational structure will assure long-term sustainable profitability. Farmers Insurance yesterday announced a series of strategic actions to better position itself for a future of long-term profitability and growth by creating a more simplified and streamlined organizational structure and a new approach to how it delivers insurance products to its agents […]
1Collision Adds Collision Repair Center to Network in Arizona
1Collision announced that Estrella Collision, based in Avondale, Ariz., has joined its nationwide network. “We’re excited that Jason and his team came on board with 1Collision,” said John Hollingsworth, director of new business development. “They are a staple shop in the Avondale market and part of the start of our growth in Arizona. We look […]
Eric Pitt Named Chief Financial Officer at Crash Champions
Crash Champions, the collision repair multi-shop operator (MSO) in the U.S., today announced Eric Pitt has joined the executive leadership team as Chief Financial Officer. Pitt joins the Crash Champions executive leadership team after previously serving as CFO at HGreg, a major independent automotive dealer with locations across the U.S. and Canada. “This is a […]
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